Main Navigation

Video and Audio Interviews That Matter.

September 2018 Interviews

Michael Pento

September 19, 2018 - Inflationary Insolvency Will Make Gold and Silver Explode - Money manager Michael Pento says the massive bubble blown by global central banks is “unraveling now.” Pento explains, “It is a fact, it is starting already. If you look at Chinese shares, if you look at all the emerging markets and if you look at commodity prices, the collapse is already starting. It starts here (in the U.S.) in the fall, and it really defuses around commodities and assets in general in 2019.” So, countries are going to default on debt? Pento says, “Yeah, but it might not be Argentina that defaults. It could be the entire world that defaults, but first, before that happens, the Fed is on record, and it says it made a lot of mistakes. One of the mistakes they say is it acted too slowly. Too slowly? The Fed was lowering rates in 2007. They took rates to 0% by 2008. They went very quickly. They are going to lower rates even faster next time. By the time the next disaster hits, they are only going to have 250 basis points, not 525. The Fed also said they are going to go into quantitative easing (money printing) much quicker and much faster. They did not rule out negative interest rates. In other words, the Fed says they are going to go all in immediately at the first sign that things have gone bad. So, the first time they understand we are headed for the next global meltdown, boom–all in right away. They also said another massive fiscal stimulant is needed.”

September 16, 2018 - We’ve Reached “Never Never Land” Accounting - Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.” Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important. At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what. Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”Fitts goes on to say, “The real push are for real assets: real assets reflected in a stock, or real assets reflected by real estate or precious metals.”

September 12, 2018 - Media Blackout on Dire Global Debt - Trader/analyst Gregory Mannarino says the public is not getting the truth about the dire debt and currency problems in the global financial system. Mannarino explains, “People here in our country are not being allowed to see what is going on outside of the United States. The mainstream media (MSM) outlets are doing everything they possibly can to keep people misinformed and uninformed. This is what is happening right now. On a global scale, the world is overdosing on debt. I cannot stress that enough. So, what we are witnessing here in regard to the emerging markets is a currency meltdown. World central banks are colluding with the leaders, and they honestly have no choice because the party ended in 2008. They have done all they can to re-inflate bubbles by introducing debt on every single living soul on this planet, unlike we have ever seen in the history of the world. When this thing hits a point of maximum saturation, we are going to see cracks or the debt market let go before everything else, and that’s exactly what we are seeing here. The currency meltdown in the emerging markets, these are units of debt. These currencies are unbacked liabilities being dispersed by bankrupt governments. It’s the same thing here in America where our debt-to-GDP ratio is now over 100%. It all comes down to keeping the world awash in debt because that is the way the system functions..Last time, in 2008, we bailed out the banks. This time, we are going to bail out countries.”

September 2, 2018 - Stupid Amounts of Money Seeking Physical Gold & Silver - Macroeconomic analyst Rob Kirby says the big elephant in the global financial room, that nobody wants to acknowledge, is the still “missing” $21 trillion from the DOD and HUD. Kirby contends, “They don’t want to believe it. They don’t want to believe that, at least, $21 trillion in extra dollars has been created out of thin air. It is siloed, and I would say it is siloed in dark places like the Exchange Stabilization Fund (ESF), which is the secretive adjunct to the U.S. Treasury. I would also contend that this enormous cache of dark money is exactly what is used to do dirty tricks like rig the precious metals market because that is a very expensive operation to carry out. That is not a sustainable sort of thing. The Fed knew years and years ago that they were going to hit a point where the amount of money that they would need to be put into the system would have to grow vertically. This is why they created and siloed at least $21 trillion extra dollars.” Kirby also says the extra $21 trillion “missing” dollars has been a well-kept secret. Kirby says, “This is a true secret, and I am going to say a true secret of the Deep State. This is why everybody avoids this at all costs.”